Agenda - Council - 10/15/1980 - Special

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RESOLUTION #80- P~ESOLUTION ADOPTIN~ ASSESSk~NT WHEREAS, pursuant to proper notice duly given as req~ired by law, the council has met and heard and passed upon all objections to the proposed assessment for the improvement of the following streets: a) 159th Lane N.W. lying between Kamacite Street N.W. and the West line of the Southwest Quarter of Section 15, To~rnship 32, Range 25, Anoka County, Minnesota b) 158th Lane N.W. lying between Ramsey Blvd. N.W. and Kamacite Street N.W. c) Kamacite Street N.W. lying between 159th Lane N.W. and 158th Lane N,W. All of the above streets are located in the Southwest Quarter of Section 15, Township 32, Range 25, Anoka County, Minnesota. NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF P~EY, ANOKA COUNTY, STATE OF MINNESOTA, as follows: l) Such proposed assessment, a copy of which is attached hereto and made a part hereof, is hereby accepted and shall constitute the special assessment against the lands named therein~ and each tract of land therein'- included in hereby found to be benefited by the-proposed in~provement in the amount of the assessment levied against it. 2) Such assessment shall be payable in equal annual install- ments extending over a period often years, the first of the installments to be payable on or before the first Monday in January, 1981 and shall bear interest at the rate of eight and one-half (8½) per cent annum from the date of the adoption of this assessment resolution. To the first installment shall be added interest on the entire assessment from the date of this resolution until December 31, 1990. To each subsequent installment when due shall be added interest for one year on all unpaid installments. 3) The owner of any property so assessed may, at any time prior to certification of the assessment to the county auditor, pay the whole of the assessment on such property, with interest accrued to the date of pay- ment, to the city treasurer, except that no interest shall be charged if the entire assessment is paid within ~hirty (30) days from the adoption of this resolution; and he may, at any time thereafter, pay to the city treasurer the entire amount of the assessment remaining unpaid, with interest accrued to December 31 of the year in which such payment is made. Such pay- ment must be made before Noven~er 14 or interest will be charged th_rough December 31 of the next succeeding year.